https://www.cnbc.com/2022/08/03/walmart-lays-off-corporate-employees-after-slashing-forecast.html
8 replies (most recent on top)
I worked for this club for 15 years and I wish I would have left along time ago all my hard work all that insurance money gone. After the replaced me on covid leave.
Corporate and Managers should have to go thur the same as every employee not just dump on the small Indians.
The company could save so much by simple shipping items from the local clubs instead of shipping from long distance fulfillment centers.
Someone is in lala land. Best buy just laid off 9800 in their stores. Walmart is aiming for 10,000 from corporate offices to 100,000 to 300,000 from stores. This includes all areas of walmart.
maybe the people who got axed in the corp office can come to stores and see how it is to work where $$$ is made.
The more people that is laid off, "not just from Walmart." The less goods, services and merchandise that can be bought or sold nationwide and worldwide.
The higher the retail costs of goods, merchandise and services. The less that can be bought or sold.
Simple logic.
To end a recession. Companies must pay the people more to nullify the costs of rising inflation. Basically, "so that people can spend more of their income on other types of goods, services and merchandise. Besides their strict spending habits on every day essentials.
Businesses need to hire more help. So that the employees can spend money. This does not just go for Walmart. But all major businesses making profits.
The issue is that the pay rates are subpar for most. Some may live in ran down trashed out ghettos. But its home. Just to make enough to pay the mortgage and the electric if that. While worrying each day if there is going to be enough left over for what other essential goods and services that may be needed.
This is common practice in my opinion based on the average median income of household families.
Those of you that disagree and say that you are living in the life of luxury, "excuse my tone." At those peasant wages should learn simple economics.
Financial growth can not occur with the stagnation of wages as inflation increases. A recession will occur. People's debt will increase. Homes will be lost do to over spending.
But all can change if corporate greed would realize the truth to what is to possibly come.
Now is the time to invest more into the associates. Not toss them out like trash. A synonym for the word associates would be partners. When we think about the the word partners. What does it bring to mind? Family? Do you discard your family like trash when times get rough? Or do you come together to find a solution?
There needs to be a company that is strong enough to start leading by example. To start an economic bo-m. A chain reaction amongst other companies to drastically invest money into the workers.
Pay more, spend more. Circle of growth.
It always starts at the Home Office and spreads to stores.
It looks like they are after a small pocket of Bus Intelligence and marketing jobs, only 200.
I hope it stays this way.
The HO often job cuts in January, not sure why they are doing August this year.
There are discussions on this on the main WMT page:
https://www.thelayoff.com/wal-mart-stores
or
/wal-mart-stores